Core & Main, Inc. (CNM) saw a price decline of $1.05, amounting to a 2.1% decrease from the previous close. Trading volume stood at $304,428, reflecting an 11.79% deviation from the average volume.
CNM's latest quarterly earnings report, released on Monday, March 23rd, revealed earnings per share of $0.37, surpassing the consensus estimate of $0.3327. Total revenue for the quarter was $1.58 billion, falling short of the consensus estimate of $1.93 billion.
The company generated a free cash flow of $253 million, with a net cash increase of $131 million. Noteworthy activities include $-29 million from acquisitions and $-58 million from common stock repurchases.
CNM reported a gross profit of $428 million, leading to an operating income of $118 million. The net income for the period was $70 million, resulting in earnings per share of 38 cents.
Key ratios for CNM include a net profit margin of 4.43%, return on equity of 3.51%, and a price-to-earnings ratio of 37.09. The company's quick ratio stands at 1.51, indicating strong liquidity.
With total assets valued at $6 billion and total liabilities at $4 billion, CNM maintains a healthy financial position. Cash and cash equivalents amount to $220 million, while the company holds a net debt of $2.22 billion.
This real-time financial report provides insights into CNM's performance, highlighting key financial metrics and recent developments.
Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in St. Louis, Missouri.